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      By: Blanco S.B. No. 2606               A BILL TO BE ENTITLED   AN ACT   relating to the franchise and insurance premium tax credit for the   certified rehabilitation of certified historic structures.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 172.101(b), Tax Code, is amended by   adding Subdivision (4) to read as follows:                 (4)     "Distressed area" means an area of land located   entirely in a census tract with:                       (A)     a poverty rate equal to or greater than 40   percent;                       (B)     a median family income of not more than 40   percent of the area median family income that is established by the   United States Department of Housing and Urban Development; or                       (C)     an unemployment rate of at least 2.5 times   the national average unemployment rate.          SECTION 2.  Section 172.106, Tax Code, is amended by   amending Subsection (a) and adding Subsection (a-1) to read as   follows:          (a)   Except as provided by Subsection (a-1), the [ The ] total   amount of the credit under this chapter with respect to the   rehabilitation of a single certified historic structure that may be   claimed may not exceed 25 percent of the total eligible costs and   expenses incurred in the certified rehabilitation of the certified   historic structure.           (a-1)     The total amount of the credit under this chapter that   may be claimed with respect to the rehabilitation of a single   certified historic structure located in an area that is a   distressed area on the date the eligible costs and expenses are   incurred may not exceed 35 percent of those costs and expenses   incurred in the certified rehabilitation of the certified historic   structure.          SECTION 3.  The changes in law made by this Act apply only to   a tax report originally due on or after the effective date of this   Act.          SECTION 4.  This Act takes effect January 1, 2026.